Shadow inventory rocked by foreclosure snafu

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Shadow inventory rocked by foreclosure snafu. Five years and 16 million foreclosures after the 2008 housing crash. A National Association of Realtors (NAR) report in October showed a 5.4 months’ inventory of homes for sale at the current pace,

Rental prices on apartments are rising briskly, and rental vacancies have dropped like a rock to the. by banks holding foreclosed properties or by homeowners waiting for a better price to sell. If.

Existing home sales rebound in July New-Home Sales Rebound in July.. The National Association of Realtors said last week that sales of existing homes rose 2 percent last month to a seasonally adjusted annual rate of 5.59 million.

Shadow inventory refers to uninhabited or soon-to-be-unininhabited real estate that that has yet to be put on the market. It’s most often used to indicate properties that are in foreclosure but.

The Distressed Property Market and Shadow Inventory in Florida: Estimates and Analysis . Introduction . Florida was one of the states hardest hit by the real estate downturn. Delinquencies, foreclosures and short sales have become a significant part of the real estate market in Florida.

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Tampa foreclosures in shadow inventory may further push down prices in the area this year if they are finally released to the market. A real estate consultant contends that there are more than 14,000 homes in shadow inventory.

Foreclosure time lines and an abundance of distressed home sales are causing wide fluctuations in shadow inventory across the country.. Shadow inventory rocked by foreclosure snafu.

Shadow inventory rocked by foreclosure snafu CoreLogic Says Housing ‘Shadow Inventory’ Is 1.8 Million Units; Morgan Stanley Says 8 Million – Home – The Daily Bail www.mortgagelenderlauderhillfl.com

There’s blight at the corner of Happiness Street and Rainbow Avenue in suburban West Palm Beach. Despite the sunny names in a neighborhood where residents also live on Faith and Pot o’ Gold, two homes sit vacant, burned out, boarded up and part of a growing shadow inventory of foreclosed homes in Florida.

“Prices are at rock bottom and people are jumping on it. Realtors are worried about the so-called “shadow inventory” of homes slowly working through the foreclosure process. Banks and the.